DHRUV STAR: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DHRUV STAR
Largest movements
- Receivables within one year -€22,510
down €22,510 (-1.6%), from €1.4m to €1.3m
of which Trade receivables: -€66,739
- Reserves -€24,628
down €24,628 (-10.7%), from €229,417 to €204,790
of which Distributable reserves: -€24,628
- Financial charges +€66,423
up €66,423 (+20,725%), from €321 to €66,743
- Financial income -€37,072
down €37,072 (-45.6%), from €81,302 to €44,229
- Gross operating margin +€282
up €282 (+25.2%), from -€1,119 to -€838
- Other operating charges +€33
up €33 (+2.7%), from €1,243 to €1,276
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,370,397 | €1,347,883 | -€22,514 | -1.6% |
| Current assets | 29/58 | €1,370,397 | €1,347,883 | -€22,514 | -1.6% |
| Amounts receivable within one year | 40/41 | €1,370,234 | €1,347,724 | -€22,510 | -1.6% |
| Trade receivables | 40 | €576,174 | €509,435 | -€66,739 | -11.6% |
| Other amounts receivable | 41 | €794,060 | €838,289 | +€44,229 | +5.6% |
| Cash at bank and in hand | 54/58 | €163 | €159 | -€4 | -2.3% |
| Total equity and liabilities | 10/49 | €1,370,397 | €1,347,883 | -€22,514 | -1.6% |
| Equity | 10/15 | €1,319,417 | €1,294,790 | -€24,628 | -1.9% |
| Contributions | 10/11 | €1,090,000 | €1,090,000 | = | 0.0% |
| Capital | 10 | €1,090,000 | €1,090,000 | = | 0.0% |
| Issued capital | 100 | €1,090,000 | €1,090,000 | = | 0.0% |
| Reserves | 13 | €229,417 | €204,790 | -€24,628 | -10.7% |
| Non-distributable reserves | 130/1 | €109,000 | €109,000 | = | 0.0% |
| Legal reserve | 130 | €109,000 | €109,000 | = | 0.0% |
| Distributable reserves | 133 | €120,417 | €95,790 | -€24,628 | -20.5% |
| Amounts payable | 17/49 | €50,980 | €53,094 | +€2,114 | +4.1% |
| Amounts payable within one year | 42/48 | €50,980 | €53,094 | +€2,114 | +4.1% |
| Trade debts | 44 | €50,980 | €53,094 | +€2,114 | +4.1% |
| Suppliers | 440/4 | €50,980 | €53,094 | +€2,114 | +4.1% |
| Other operating charges | 640/8 | €1,243 | €1,276 | +€33 | +2.7% |
| Gross operating margin | 9900 | -€1,119 | -€838 | +€282 | +25.2% |
| Operating profit (loss) | 9901 | -€2,362 | -€2,114 | +€249 | +10.5% |
| Financial income | 75/76B | €81,302 | €44,229 | -€37,072 | -45.6% |
| Recurring financial income | 75 | €81,302 | €44,229 | -€37,072 | -45.6% |
| Financial charges | 65/66B | €321 | €66,743 | +€66,423 | +20,725% |
| Recurring financial charges | 65 | €321 | €66,743 | +€66,423 | +20,725% |
| Profit (loss) for the period before taxes | 9903 | €78,619 | -€24,628 | -€103,247 | |
| Profit (loss) for the period | 9904 | €78,619 | -€24,628 | -€103,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,619 | -€24,628 | -€103,247 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.